Take the time to compare term deposits and you are sure to be able to
pick a favourite. It is important to compare
term deposit rates between the big banks (Westpac,
Commonwealth, NAB and ANZ) and the smaller competitors and mutuals.

Even though you might like to compare term deposit rates for only a
certain term, say 12 months, it is also worthwhile to compare the term
deposit rates for terms either side of your preference. For example you
might find that one bank is offering a special on a 9 month term that
might sway your decision on how long you will invest your money for.

There are other factors at play; however rate is by far the single most
important factor when comparing term deposits. Because you will never
transact on your term deposit, branch access, ATM access, online
banking and even customer service are far less relevant than the term deposit rate.

There a range of strategies that can be employed to compare term
deposit rates, the most important is to have full visibility to all
term deposit rates on offer in the market.